Whitener Capital Management Inc. increased its holdings in Intercontinental Exchange Inc (NYSE:ICE) by 169.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,975 shares of the financial services provider’s stock after acquiring an additional 2,500 shares during the quarter. Whitener Capital Management Inc.’s holdings in Intercontinental Exchange were worth $341,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also made changes to their positions in ICE. Brandywine Oak Private Wealth LLC lifted its stake in shares of Intercontinental Exchange by 3.6% during the 2nd quarter. Brandywine Oak Private Wealth LLC now owns 3,247 shares of the financial services provider’s stock worth $279,000 after purchasing an additional 113 shares during the last quarter. HCR Wealth Advisors grew its holdings in Intercontinental Exchange by 0.8% during the second quarter. HCR Wealth Advisors now owns 14,559 shares of the financial services provider’s stock worth $1,251,000 after acquiring an additional 113 shares during the period. Sandy Spring Bank grew its holdings in Intercontinental Exchange by 41.8% during the second quarter. Sandy Spring Bank now owns 404 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 119 shares during the period. Carroll Financial Associates Inc. grew its holdings in Intercontinental Exchange by 51.3% during the second quarter. Carroll Financial Associates Inc. now owns 360 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 122 shares during the period. Finally, CWM LLC grew its holdings in Intercontinental Exchange by 6.4% during the first quarter. CWM LLC now owns 2,138 shares of the financial services provider’s stock worth $163,000 after acquiring an additional 128 shares during the period. 89.41% of the stock is owned by institutional investors.
Several analysts recently commented on the company. Citigroup lowered Intercontinental Exchange from a “buy” rating to a “neutral” rating and raised their target price for the stock from $92.00 to $99.00 in a report on Monday, July 22nd. Raymond James raised their target price on Intercontinental Exchange from $89.00 to $94.00 and gave the stock an “outperform” rating in a report on Friday, July 5th. Finally, ValuEngine raised Intercontinental Exchange from a “hold” rating to a “buy” rating in a report on Monday, May 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $88.21.
ICE traded up $1.17 during trading on Friday, hitting $91.67. The company’s stock had a trading volume of 1,917,600 shares, compared to its average volume of 2,150,392. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.40. Intercontinental Exchange Inc has a twelve month low of $69.69 and a twelve month high of $93.40. The business’s fifty day simple moving average is $89.92 and its 200 day simple moving average is $81.76. The firm has a market capitalization of $50.03 billion, a price-to-earnings ratio of 25.53, a P/E/G ratio of 2.89 and a beta of 0.50.
Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.94 EPS for the quarter, beating the consensus estimate of $0.92 by $0.02. Intercontinental Exchange had a return on equity of 12.22% and a net margin of 31.85%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the company earned $0.90 earnings per share. Intercontinental Exchange’s quarterly revenue was up 4.2% compared to the same quarter last year. As a group, equities research analysts forecast that Intercontinental Exchange Inc will post 3.78 earnings per share for the current fiscal year.
Intercontinental Exchange Profile
Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.
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